Posted by AGORACOM-JC
at 7:40 AM on Tuesday, March 24th, 2020
Announced that following establishment of interoperability between NexaIntelligence tech and Netanomics ORA-pro,
Nexalogy is becoming an affiliate member of the Carnegie Mellon University Center for Informed Democracy and Social Cybersecurity (IDeaS)
TORONTO, March 24, 2020 – Datametrex AI Limited (the “Company†or Datametrexâ€) (TSXV: DM) (FSE: D4G) is pleased to announce that following establishment of interoperability between NexaIntelligence tech and Netanomics ORA-pro, Nexalogy is becoming an affiliate member of the Carnegie Mellon University Center for Informed Democracy and Social Cybersecurity (IDeaS).
Dr. Kathleen Carley, from IDeaS commented “We look forward to working
with Nexalogy. They provide a unique and significant
technology, NexaIntelligence, that will help us understand the spread of
information and disinformation. We are delighted that they will be
affiliates of the Informed Democracy and Social-cybersecurity center
(IDeaS).â€
“Nexalogy is continuing its ‘Land and Expand’ approach to the USA
market and membership in Carnegie Mellon University IDeaS will be a key
component of networking and research collaboration in these efforts,â€
says Marshall Gunter, CEO of the Company.
Datametrex AI Limited is a technology focused company with exposure
to Artificial Intelligence and Machine Learning through its wholly owned
subsidiary, Nexalogy (www.nexalogy.com).
This news release contains “forward-looking information†within
the meaning of applicable securities laws. All statements contained
herein that are not clearly historical in nature may constitute
forward-looking information. In some cases, forward-looking information
can be identified by words or phrases such as “mayâ€, “willâ€, “expectâ€,
“likelyâ€, “shouldâ€, “wouldâ€, “planâ€, “anticipateâ€, “intendâ€,
“potentialâ€, “proposedâ€, “estimateâ€, “believe†or the negative of these
terms, or other similar words, expressions and grammatical variations
thereof, or statements that certain events or conditions “may†or “willâ€
happen, or by discussions of strategy.
Readers are cautioned to consider these and other factors,
uncertainties and potential events carefully and not to put undue
reliance on forward-looking information. The forward-looking information
contained herein is made as of the date of this press release and is
based on the beliefs, estimates, expectations and opinions of management
on the date such forward-looking information is made. The Company
undertakes no obligation to update or revise any forward-looking
information, whether as a result of new information, estimates or
opinions, future events or results or otherwise or to explain any
material difference between subsequent actual events and such
forward-looking information, except as required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Posted by AGORACOM-JC
at 7:36 AM on Tuesday, March 24th, 2020
In the wake of the COVID-19 pandemic, Hollister is using its essential business standing and facility to source and produce hand sanitizer for its local community.
The CEO of Hollister Biosciences Inc, Carl Saling, shared: “The community of Hollister, CA is near and dear to our hearts, and as the first licensed cannabis company in the city of Hollister, CA, I feel that we must do whatever we can to help.
VANCOUVER, March 24, 2020 –Hollister Biosciences Inc.(CSE: HOLL, FRANKFURT: HOB, OTC: HSTRF) (the “Company” or “Hollister“) – through its Hollister Cannabis Co division, is stepping up to manufacture and distribute a few thousand bottles of hand sanitizer to Hollister, CA.
A statewide “shelter at home” mandate has been issued for California,
putting a halt to non-essential manufacturing and delay in
distribution. Cannabis retailers and manufacturers are considered
essential businesses in California. In the wake of the COVID-19 pandemic, Hollister is using its essential business standing and facility to source and produce hand sanitizer for its local community.
Hollister will be giving its first batch of hand sanitizer to the Hollister food bank. Multiple batches of hand sanitizer are expected to be delivered to community organizations over the next few weeks.
The CEO of Hollister Biosciences Inc, Carl Saling, shared: “The community of Hollister, CA is near and dear to our hearts, and as the first licensed cannabis company in the city of Hollister, CA, I feel that we must do whatever we can to help.
It infuriated me seeing companies price gouging much needed items,
such as hand sanitizer. I am all for making money, but not at the
expense of playing on people’s fears during a time of crisis. We just
had to act.
We are going to focus on donating to the facilities that are often
overlooked: the food bank, nursing homes, rehabilitation centers, and
homeless shelters, where some of the most vulnerable are sheltering in
place.
I am calling all business owners to step up in this time of crisis and do whatever you can to help your local community.”
About Hollister Biosciences Inc.
Hollister Biosciences Inc. is a California based
vertically integrated cannabis company with a vision to be the
sought-after premium brand portfolio of innovative, high-quality California-grown cannabis and hemp products. Hollister
uses a vertically integrated, high margin model, controlling the whole
process from manufacture to sales to distribution or seed to shelf.
Products from Hollister Cannabis Co. include HashBone, the brand’s
premier artisanal hash-infused pre-roll, along with solvent-free bubble
hash, pre-packaged flower, pre-rolls, tinctures, vape products, and
full-spectrum high CBD pet tinctures. Hollister Cannabis Co.
additionally offers white-labeling manufacturing of cannabis products.
Our wholly owned California subsidiary Hollister Cannabis Co is the 1st state and locally licensed cannabis company in the city of Hollister, CA birthplace of the “American Biker.”
Neither the Canadian Securities Exchange nor its Market Regulator
(as that term is defined in the policies of the Canadian Securities
Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Forward-Looking Information: This news release includes certain
statements that may be deemed “forward-looking statements”. The use of
any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”,
“will”, “would”, “project”, “should”, “believe” and similar expressions
are intended to identify forward-looking statements. Although the
Company believes that the expectations and assumptions on which the
forward-looking statements are based are reasonable, undue reliance
should not be placed on the forward-looking statements because the
Company can give no assurance that they will prove to be correct. Since
forward-looking statements address future events and conditions, by
their very nature they involve inherent risks and uncertainties. These
statements speak only as of the date of this News Release. Actual
results could differ materially from those currently anticipated due to a
number of factors and risks including various risk factors discussed in
the Company’s disclosure documents which can be found under the
Company’s profile onwww.sedar.com
Automotive, batteries: Covid-19, possible recession and low oil price — why they don’t matter for the EV revolution
According to Bloomberg, the electric vehicle revolution that by most
accounts was ramping up in 2020, faces one of the biggest threats since
EVs started to go mainstream in the last decade. The outbreak of the
novel Covid-19 (Coronavirus) in late December has paralysed key parts of
the Chinese economy.
By early March, the virus spread further across Europe and into the
US. On 9 March, oil prices crashed. With the markets rattled,
governments from Italy to the USA took increasingly drastic measures,
from locking down entire nations to banning travel and declaring states
of emergency. Although electrification is here to stay, these
developments are bad news for industries that were looking to tip the
scales in favour of electric this year.
Roskill View
While the recent oil price burst and the Covid-19 crisis could
suppress automotive sales worldwide, Roskill’s view on the long-term
demand for electric vehicles remains intact. Those countries adopting
stringent transport emissions regulations that ultimately push EV sales
are major oil importers: Europe, China, Japan, India, and South Korea. A
short-term bump in automotive sales and even long-term low prices won’t
change the view of these countries on oil dependency and the risk to
their economies and health systems.
Talking to Bloomberg,
Jose Lazuen, senior automotive practice analyst at Roskill, said
“Governments in China and in the European Union implemented measures to
accelerate the electrification of transport regardless of oil pricesâ€.
Concerns over pollution in large cities and its impact on citizens’
health have been more prominent, and oil price swings are unlikely to
change that. “Long-term, the vision of these governments is to diminish
exposure to oil markets as much as they can,†Lazuen said. “Whether that
will happen in the next 10 or 50 years, we don’t know.â€
Electric cars cost 50% to 70% more than conventional automobiles, but
prices are forecast to decline in the coming years as lithium-ion
battery technology evolves and manufacturers ramp up production. At the
current pace, Roskill estimates that the cost of electric vehicles will
start to match that of internal combustion engine cars beginning in
2023″.
Roskill’s NEW Lithium-ion Batteries: Outlook to 2029, 4th Edition
report is due to be published in April 2020 and provide detailed
analysis on supply, demand, trade, prices, cost curves and forecasts.
For more information or to subscribe, click here.
Posted by AGORACOM-JC
at 2:04 PM on Monday, March 23rd, 2020
Cease trade order has been lifted and as of March 5, 2020 the Company is once again trading on the CSE under the symbol: PRMO
The Company was not subject to any insolvency proceedings
VANCOUVER, British Columbia, March 23, 2020 — PRIMO NUTRACEUTICALS INC. (CSE: PRMO) (OTC: BUGVF) (FSE: 8BV) (DEU: 8BV) (MUN: 8BV) (STU: 8BV) (“Primo” or the “Company”) is pleased to announce that it has satisfied the provisions of the information guidelines of National Policy 12-203, by filing its annual financial statements and MD&A for the year ended July 31, 2019, and therefore its cease trade order has been lifted and as of March 5, 2020 the Company is once again trading on the CSE under the symbol: PRMO. Â The Company was not subject to any insolvency proceedings.
The Company also announces the appointment of Mr. Mark Bechtel as Corporate Secretary.
Mr. Bechtel is a securities lawyer with extensive experience in
Canadian capital markets and exchanges. Presently Mr. Bechtel operates a
law firm located in downtown Vancouver specializing in venture and
emerging markets. As Corporate Secretary of Primo Mr. Bechtel will
ensure that best practices for regulatory compliance are established and
maintained.
The Company has also entered into a consulting agreement with Sheryl
Dhillon to act as their Corporate Governance consultant. Ms. Dhillon
is a highly experienced corporate secretary with over fifteen years of
experience. She has extensive knowledge of corporate governance, as
well as strong management skills and excellent corporate
communications. Ms. Dhillon acts as Corporate Secretary for several
TSXV and CSE listed companies.
“The addition of Mr. Bechtel and Ms. Dhillon is a significant
value-add to the Primo team. Their cumulative experience in various
disciplines will further empower the Company’s growth. It is an
exciting time for our Company.†Comments from Mr. Andy Jagpal, CEO & President.
ON BEHALF OF THE BOARD OF DIRECTORS
“Andy Jagpal”
President and Director
For further information, please contact Zoltan, IR Representative at:
This news release contains certain forward-looking statements
within the meaning of Canadian securities laws. Forward-looking
statements are based on the expectations and opinions of the Company’s
management on the date the statements are made. The assumptions used in
the preparation of such statements, although considered reasonable at
the time of preparation, may prove to be imprecise and, as such, undue
reliance should not be placed on forward-looking statements. The Company
expressly disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information,
future events or otherwise.
No regulatory authority has approved or disapproved the information contained in this news release.
Posted by AGORACOM-JC
at 12:38 PM on Monday, March 23rd, 2020
SPONSOR: Datametrex AI Limited
(TSX-V: DM) A revenue generating small cap A.I. company that NATO and
Canadian Defence are using to fight fake news & social media
threats. The company announced three $1M contacts in Q3-2019. Click here for more info.
You can go to jail for spreading fake news about Covid-19
As the coronavirus (Covid-19) spreads, so does the misinformation
Recently referred to by the WHO as an “infodemic”, the volume of information that is both true and false has been communicated across all platforms globally
Geraint Crwys-Williams, chief business officer, Primedia Group and acting CEO, Primedia Broadcasting says, “Now, more than ever, the role of accountable and credible media has come to the fore. Government officials and healthcare professionals are using trusted broadcast media and digital platforms of established, verified, media outlets to circulate correct information on Covid-19. There has been a particular focus also on debunking the myths and misinformation in circulation, which is an important role of accountable media as a public service.â€
On Wednesday, the Minister for Cooperative Governance and Traditional Affairs, Dr Nkosazana Dlamini-Zuma, set out the Regulations in terms of Section 27 (2) of the Disaster Management Act. According to the Government Gazette, “Any person who publishes any statement, through any medium, including social media, with the intention to deceive any other person about— (a) Covid-19; (b) Covid-19 infection status of any person; or (c) any measure taken by the Government to address Covid-19, commits an offence and is liable on conviction to a fine or imprisonment for a period not exceeding six months, or both such fine and imprisonment.â€
Despite this, hoaxes are still being posted on social media, and are gaining traction. The most recent fake news post is a Facebook account purportedly belonging to President Cyril Ramaphosa that told South Africans to stay indoors at 10am as helicopters would be spraying chemicals across the country against coronavirus. 8,000 social media users spread that news onwards.
Adds Crwys-Williams, “We urge all South Africans to be mindful of the source of information that they receive. Misinformation does not just cause unnecessary panic; it also puts citizens at risk. We have a duty of care to our employees, our communities and our audience to provide accurate, informative communication to ensure we play our part in reducing, not just the spread of the virus, but of unnecessary panic too.â€
He adds that simply sharing misinformation could make someone complicit in the crime, even though this was not the intention.
“We recommend that South Africans go to their trusted news sources such as credible broadcast, print and online media for updates. The South African Government is being vigilant about ensuring that correct information is being disseminated across these channels. They also have a WhatsApp group on 060 012 3456 that offers up-to-date information – simply type ‘hi’ to be included.â€
Posted by AGORACOM-JC
at 4:12 PM on Thursday, March 19th, 2020
With 165,000 patients, Empower Clinics (CBDT:CSE) (EPWCF:OTCQB)
has a database that almost every medical cannabis and CBD company would
kill for. Patient visits increased 351% in Q4 and 800% in February.
But would Coronavirus social gathering imitations put the clinic network
at risk?
No. In fact, it has had the opposite effect, with the clinics being designated an essential service. Moreover, Empower has had to actually increase operating hours.
Watch this interview with the Company’s CEO, Steven McAuley, who is Six Sigma certified under the quality initiative of legendary GE chairman Jack Welch. We’ve never seen a Six Sigma certified CEO in the Canadian small cap markets. Never …. which also explains how McAuley has been able to guide Empower Clinics through the most disruptive retail environment in recent history. Â
Grab your favourite beverage and settle in to watch what may be your next great small cap investment.
Posted by AGORACOM-JC
at 3:00 PM on Thursday, March 19th, 2020
SPONSOR: Datametrex AI Limited
(TSX-V: DM) A revenue generating small cap A.I. company that NATO and
Canadian Defence are using to fight fake news & social media
threats. The company announced three $1M contacts in Q3-2019. Click here for more info.
How Coronavirus is Impacting Cyberspace
Hackers were also strategizing to spread fake news to create further confusion
By investigating the dark web marketplace, CYFIRMA uncovered illicit groups selling organic medicine claiming to cure and eradicate the COVID-19 virus
These discussions in the hackers’ communities were carried out in Mandarin, Japanese and English
These are interesting times – the world is witnessing an
unprecedented onslaught of upheavals not just in the ‘real-world’ but
also in the cyber world. We greeted 2020 gingerly knowing the trade war
between the U.S. and China was going to bring about economic uncertainty
but little did we know a global pandemic was upon us, with the
Coronavirus having an impact even on cyberspace.
By CYFIRMA RESEARCH
While healthcare workers are battling the COVID-19 virus, countries are in lockdown mode, and the global economy hangs in the balance, another war is raging in cyberspace.
Cyber risks and threats have multiplied with many more attack
vectors, and hackers’ techniques evolving faster than ever, blending
technical prowess with sophisticated social engineering. The current
challenge with the virus pandemic is a test of nations’ and businesses’
preparedness and resiliency on all fronts.
CYFIRMA’s threat visibility and intelligence research
revealed a massive increase of over 600% of cyberthreat indicators
related to the Coronavirus pandemic from February to early March.
Threat indicators are made up of conversations observed and uncovered
in the dark web, hackers’ forums, and closed communities. What our
researchers have seen and heard in these communities do not bode well
for governments and businesses – hackers are hard at work, actively
planning how to leverage this climate of fear and uncertainty to attain
their political and financial objectives.
The United States Computer Emergency Readiness Team (US-CERT) has
sent out alerts on scams tricking people into revealing personal
information or donating to fraudulent charities, all under the pretext
of helping to contain and manage the coronavirus. The Federal Trade
Commission has also warned about similar scams.
CYFIRMA’s research team and
multiple security vendors have reported that threat actors have used
fear tactics to spread malware, including LokiBot, RemcosRAT, TrickBot,
and FormBook.
These hackers’ communities span far and wide, communicating in
Cantonese, Mandarin, Russian, English, and Korean, unleashing campaigns
one after another to wreak havoc on unsuspecting nations and
enterprises.
On Dark Web
forums, a group from Hong Kong hatched a plan to create a new phishing
campaign targeting the population from mainland China. The group aimed
to create distrust and incite social unrest by assigning blame to the
Chinese Communist Party.
A deeper analysis of hackers’ conversations also revealed groups from
Taiwan discussing similar phishing and spam campaigns, specifically
targeting influential persons in mainland China to cause further unrest.
Korean-speaking hackers were planning to make financial gains using
sophisticated phishing campaigns, loaded with sensitive data
exfiltration malware and creating a new variant of EMOTET virus (EMOTET
is a malware strain that was first detected in 2014 and is one of the
most prevalent threats in 2019). These hackers were planning to target
Japan, Australia, Singapore, and the U.S.
CYFIRMA’s researchers also observed North Korean hackers targeting
South Korean businesses. The phishing email had the Korean language
title “Coronavirus Correspondenceâ€, tricking recipients into opening
them and launching malware into machines and networks.
With COVID-19, many hacker groups were observed to be using brand
impersonation with fake emails claiming to represent authoritative
bodies such as the Centers for Disease Control (CDC) and the World
Health Organization (WHO). The subject line and content of these emails
were very enticing, offering news updates and cures to the ailment.
We also noticed coronavirus-themed emails designed to look like
emails from the organizations’ leadership team and sent to all
employees.
Embedded with malware that would infect corporate networks, these
phishing attacks deploy social engineering tactics to steal data and
assets.
Other than unleashing cyberattacks to steal data, we also witnessed
the planning of fake websites to sell face masks and other health
apparatus using bitcoin in China, Japan, and the US.
To aggravate matters, hackers were also strategizing to spread fake
news to create further confusion. By investigating the dark web
marketplace, CYFIRMA uncovered illicit groups selling organic medicine
claiming to cure and eradicate the COVID-19 virus. These discussions in
the hackers’ communities were carried out in Mandarin, Japanese and
English.
A
new malware called ‘CoronaVP’ was being discussed by a Russian hacking
community; this could lead to a new ransomware or EMOTET strain,
designed to steal personal information.
Hackers leveraging on the COVID-19 pandemic are motivated by a
combination of personal financial gain as well as political espionage to
cause social upheavals. Threat actors in the world of cybercrimes are
well-equipped with tools, technology, expertise and financing to further
both commercial and political agendas. In our hyper-connected digital
world, cyber-crime is a lucrative business, and we should expect attacks
to be more frequent and more sophisticated as the pandemic continues to
cast a shadow over the global economy.
What we have witnessed in the field of cyber-intelligence has taught
us the importance of staying vigilant, and frequently, the most
dangerous forces at work are those we cannot see.
The importance of relevant and timely threat intelligence cannot be
over-emphasized as early detection of cyber threats could save
organizations from hefty financial penalties and irreversible brand
damage.
Posted by AGORACOM-JC
at 2:45 PM on Thursday, March 19th, 2020
SPONSOR: CardioComm Solutions (EKG: TSX-V)
– The heartbeat of cardiovascular medicine and telemedicine. Patented
systems enable medical professionals, patients, and other healthcare
professionals, clinics, hospitals and call centres to access and manage
patient information in a secure and reliable environment.
The Tech That Could Be Our Best Hope for Fighting COVID-19—and Future Outbreaks
Battling a pandemic as serious as COVID-19 requires drastic responses, and political leaders and public-health officials have turned to some of the most radical strategies available.
The key to early response lies in looking beyond centuries-old strategies and incorporating methods that are familiar to nearly every industry from banking to retail to manufacturing, but that are still slow to be adopted in public health
Smartphone apps, data analytics and artificial intelligence all make finding and treating people with an infectious disease far more efficient than ever before
What began with a lockdown of one city in China quickly expanded to the quarantine of an entire province, and now entire countries including Italy. While social isolation and curfews are among the most effective ways to break the chain of viral transmission, some health experts say it’s possible these draconian measures didn’t have to become a global phenomenon. “If health officials could have taken action earlier and contained the outbreak in Wuhan, where the first cases were reported, the global clampdown could have been at a much more local level,†says Richard Kuhn, a virologist and professor of science at -Purdue University.
The key to early response lies in looking beyond centuries-old
strategies and incorporating methods that are familiar to nearly every
industry from banking to retail to manufacturing, but that are still
slow to be adopted in public health. Smartphone apps, data analytics and
artificial intelligence all make finding and treating people with an
infectious disease far more efficient than ever before.
“The connectivity we have today gives us ammunition to fight this
pandemic in ways we never previously thought possible,†says Alain
Labrique, director of the Johns Hopkins University Global -mHealth
Initiative. And yet, to date, the global public–health response to
COVID-19 has only scratched the surface of what these new containment
tools offer. Building on them will be critical for ensuring that the
next outbreak never gets the chance to explode from epidemic to global
pandemic.
Consider how doctors currently detect new cases of COVID-19. Many
people who develop the hallmark symptoms of the -disease—fever, cough
and shortness of breath—-physically visit a primary-care doctor, a
health care provider at an urgent-care center or an emergency room. But
that’s the last thing people potentially infected with a highly
contagious disease should do. Instead, health officials are urging them
to connect remotely via an app to a doctor who can triage their symptoms
while they’re still at home.
“The reality is that clinical brick-and-mortar medicine is rife with
the possibility of virus exposure,†says Dr. Jonathan Wiesen, founder
and chief medical officer of MediOrbis, a telehealth company. “The
system we have in place is one in which everyone who is at risk is
potentially transmitting infection. That is petrifying.†Instead, people
could call a telemedicine center and describe their symptoms to a
doctor who can then determine whether they need COVID-19
-testing—without exposing anyone else.
In Singapore, more than a million people have used a popular
telehealth app called -MaNaDr, founded by family physician Dr. Siaw Tung
Yeng, for virtual visits; 20% of the physicians in the island country
offer some level of service via the app. In an effort to control
escalating cases of coronavirus there, people with symptoms are getting
prescreened by physicians on MaNaDr and advised to stay home if they
don’t need intensive care. Patients then check in with their telehealth
doctor every evening and report if their fever persists, if they have
shortness of breath or if they are feeling worse. If they are getting
sicker, the doctor orders an ambulance to take those people to the
hospital. Siaw says the virtual monitoring makes people more comfortable
about staying at home, where many cases can be treated, instead of
flooding hospitals and doctors’ offices, straining limited resources and
potentially making others sick. “This allows us to care across
distance, monitor patients across distance and assess their progression
across distance,†says Siaw. “There is no better time for remote care
monitoring of our patients than now.â€
Other at-home devices and services currently being used in the U.S.
allow patients to measure dozens of health metrics like temperature,
blood pressure and blood sugar several times a day, and the results are
automatically stored on the cloud, from which doctors get alerts if the
readings are abnormal.
Telemedicine also serves as a powerful communication tool for keeping
hundreds of thousands of people in a specific region up to date with
the latest advice about the risk in their communities and how best to
protect themselves. That can go a long way toward reassuring people and
preventing panic and runs on health centers and hospitals.
Beyond individual-level care, the data gathered by telemedicine
services can be mined to predict the broader ebb and flow of an
epidemic’s trajectory in a population. In the U.S., Kaiser Permanente’s
tele-medicine call centers are now also serving as a bellwether for an
anticipated surge in demand for health services. Dr. Stephen Parodi,
national infectious–disease leader at Kaiser Permanente, was inspired by
a Google project from a few years ago in which the company created an
algorithm of users’ flu–related search terms to determine where clusters
of cases were mounting. Parodi started tracking coronavirus–related
calls from the health system’s 4.5 -million members in Northern
California in February. “We went from 200 calls a day to 3,500 calls a
day about symptoms of COVID-19, which was an early indicator of
community–based transmission,†he says. “Our call volume was telling us
several weeks before the country would have all of its testing online
that we have got to plan for a surge in cases.â€
On the basis of the swell in calls nationwide, the hospital system is
considering suspending elective surgeries based on local circumstances,
in part to ensure that ventilators and other critical equipment would
be available for an anticipated influx of COVID-19 patients with severe
symptoms. Kaiser doctors also postponed appointments for routine
mammograms and other cancer–screening tests and cut back on in-person
appointments by turning most noncritical visits into virtual visits.
The COVID-19 pandemic may be the trial by fire that telemedicine
finally needs to prove its worth, especially in the U.S. Despite the
fact that apps and technology for virtual health visits have existed for
several decades, uptake in the country has been slow. Medicare only
recently began reimbursing for telemedicine visits at rates comparable
to in-person visits, and states have just begun to relax licensing
regulations that prevent doctors in one state from -remotely treating
patients in another state. “This -pandemic is almost like us crossing
the Rubicon,†says Wiesen of MediOrbis. “It’s a clarion call for America
and for the world on how important telemedicine is.†Parodi agrees. “I
think this pandemic will bring in a fundamental change in the way we
practice medicine and in the way the health care system functions in the
U.S.,†he says. “We’re going to come out of this and -realize a lot of
health care visits don’t have to be in person.â€
Other tech innovations that haven’t fully made their way to the
public-health sector could also play a critical role in controlling this
-pandemic—and future outbreaks. Taking a closer look at health-related
data, such as electronic health records or sales of over-the-counter
medications, can provide valuable clues about how an infectious disease
like COVID-19 is moving through a population. Retail drugstores track
inventory and sales of nonprescription fever reducers, for example, and
any trends in those data might serve as an early, albeit crude,
harbinger of growing spread of disease in a community. And given the
proliferation of health–tracking apps on smartphones, analyzing data
trends like a rise in average body temperature in a given geographical
area could provide clues to emerging clusters of cases.
Geotracking on phones, while controversial because of privacy issues,
can also streamline the tedious task of contact tracing, in which
scientists try to manually trace infected patients’ whereabouts to find
as many people with whom they had direct contact and who could have been
infected. In South Korea, this strategy helped identify many of the
contacts of members of a Seoul church that formed the first major
cluster of infections in the country. In countries with a less robust
health care infrastructure, smartphones can be critical for gathering
information about emerging infections on the ground. In Bangladesh, says
Labrique, programs created to canvass for noncommunicable diseases like
hyper-tension and diabetes are now being modified to include questions
about COVID-19 symptoms. These types of real-time data can rapidly
provide a snapshot of where and how fast the disease might be spreading,
to distribute health care workers and -equipment where they’re needed
most.
It’s all about catching these cases as early as possible, to minimize
the peak of a pandemic so the health system doesn’t get overwhelmed.
But it’s not just about seeing the trends. Flattening the surge of an
infectious disease also requires action, and that’s where the advice
gets -muddier—but also where Big Data and artificial intelligence (AI)
can provide clarity.
By deeply analyzing the care that every COVID-19 patient receives,
for example, AI can tease out the best treatment strategies. Jvion, a
health care analytics company, is using AI to study 30 million patients
in its data universe to identify people and communities at highest risk
of COVID-19 on the basis of more than 5,000 variables that include not
just medical history but also lifestyle and socioeconomic factors such
as access to stable housing and transportation. Working with clients
that include large hospital systems as well as small remote health
centers, Jvion’s platform creates lists of people who should be
contacted pro-actively to warn them about their vulnerability so health
providers can create a care plan for them.
In the case of COVID-19, that might include social distancing and
avoiding large public gatherings. To help public-health departments
better prepare communities for this and future outbreaks, the company
has communicated with the U.S. Centers for Disease Control and
Prevention to share what it has learned.
Privacy issues, however, nest in every single byte of data about a
person’s health. So the power of AI methods in controlling outbreaks
depends on how effectively data can be anonymized. Only when people are
assured of privacy can algorithms help to navigate the next big hurdle:
predicting surges in cases that strain health care personnel and
availability of supplies like ventilators, masks and gowns.
If COVID-19 teaches public-health officials one thing, it’s that
there are now tools available to help contain an infectious disease
before radical measures like quarantines and curfews are needed. “What
we were doing 10 years ago and what we are doing now is vastly
different,†says Wiesen. “There is a tremendous opportunity here, and
hopefully by [the next pandemic], the use of technology and data
analytics is going to be light-years ahead of where it is today.â€
Posted by AGORACOM-JC
at 1:57 PM on Thursday, March 19th, 2020
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Focus On Survival Amid Coronavirus: Lightspeed’s Lessons From China For Indian Startup Founders
By: Bhumika Khatri
The VC’s partners from China and India suggested startups work on reducing cash burn, spending
Lightspeed China’s James Mi said the Chinese ecosystem is focussing on extending runway through cost-cutting
Mi advised founders to have at least six months of runway
The Indian startup ecosystem has joined the fight against the
coronavirus pandemic, as over 125 confirmed cases have emerged in India.
With three deaths so far, India has not yet seen the worst of the
outbreak. While many startups have advised employees to work from home,
some are also offering medical support, while helping employees take up
self-quarantine for Covid-19 and creating contingency plans — life has
truly changed in the age of the pandemic for many people, startup
founders included.
Many are saying that India is in the same place as China was almost
30-45 days back when the coronavirus had not yet been given the pandemic
status. So startups may have a few lessons to learn from their Chinese
counterparts. To make this happen Lightspeed India hosted a closed-door
founders-only online session recently to facilitate interactions between
Indian startup founders and venture capitalists in China so that each
group can learn from their experiences.
The discussions were led by James Mi, partner, Lightspeed China,
Udaan cofounder Amod Malviya with Lightspeed India partners’ Bejul
Somaia and Hemant Mohapatra. The VC fund received over 200 questions
from founders, with over 60 founders joining the session.
A founder who was part of the interaction told Inc42
that the session focused on fundraising, business environment and work
from home. From the experience of China, James Mi noted that the
strategy was first to focus on containment and as a result, hospitality
businesses saw decline while businesses like grocery delivery grew.
However, logistics was impacted negatively.
Other businesses that saw high adoption, traction and growth were
digital content, video streaming, edtech among others. Mi also said that
enterprise SaaS businesses saw some downturn due to the lack of
face-to-face meetings, which are crucial for large sales contracts.
Shoring Up The Runway
In terms of fundraising, Mi advised founders to have at least six
months of runway and first focus on optimising unit economics. However,
if they don’t have such a runway, they should aim to reduce burn by
cutting down unnecessary expenses on marketing and even reduce headcount
if need be. Founders were also advised to find alternative financing
options like bank loans.
Mi also urged startups to lock any existing offers and secure the
funding to support the runway as VC funding is expected to slow down in
the next quarter. He also suggested that businesses should go back to
decisions taken at earlier stages to reduce burn and work on unit
economics, rather than increasing market reach.
Lightspeed India’s Somaia shared a similar sentiment and said that
fears in financial markets are similar to the consumer market as the
capital gets scarce and selective. He said that even though financing
won’t stop, it would now be more selective, focussing on quality and
business fundamentals.
He noted that in such situations, reckless spending isn’t appreciated
and that startups should plan in a way where they can spend 2020
without external funding. Somaia advised that the startups can top-up
from the recent funding round as well if there is an interest. The trio
emphasised that founders should focus on survival on priority.
The three experienced VCs also noted that the conditions are benign
today but may become severe tomorrow. The impact on business from the
pandemic is expected to last at least two quarters. The responsibility
of businesses has changed from being equitable and fair employers to
taking precautions ranging from temperature checks to masks and
sanitisers.
Mi recollected that in China, even though factories were allowed to
work, they didn’t have the infrastructure like masks and other sanitary
needs set up to fulfil recommendations, which meant many workers
couldn’t come in. So founders need to provision for all manner of things
that they had not earlier.
Udaan cofounder Malviya shared the experience of work from home
saying that it needs a planned approach and should be embraced
correctly. He said that it becomes important to document decisions and
startups should have well-defined touchpoints on a daily and weekly
basis for different groups.
He said that work from home requirements are different for teams
which are in operations and are on managerial work etc. Among the
challenges with work from home for operational teams that Malviya noted
was a drop in productivity. He advised founders to rely on products like
Notion for documentation, Kettle.ai to track daily productivity and
Hangouts and Zoom for video collaboration.
Posted by AGORACOM
at 12:51 PM on Thursday, March 19th, 2020
RECENT HIGHLIGHTS
First Class CBD brand achieved sales of Cdn$2,981,000 February 2020
Marketing efforts improved gross margins by 4.9% from January 2020 to February 2020.
February 2020 represents an increase of 832% over the same period last year.
Plans to continue growth of First Class in the United States over the balance of 2020, as well as an expansion into the European market.
Formalized Joint Venture With Bevcanna Enterprises: Read More
Will share equal ownership in the Joint Venture and will be jointly responsible for developing and funding its operations
Company will provide manufacturing, marketing and distribution infrastructure in the European market.
Parties have determined an initial product launch and will provide further details on specific regions and timing once finalize
Announced Collaboration for Sativida US Expansion Read More
Unified Funding will provide assistance to Sativida with product
sourcing, packaging, shipping, payment infrastructure and marketing
Sativida has become the number one search-ranked online retailer of CBD products in Spain and Mexico
Entered into Licensing Agreement with Phenome One Read More
A privately held full-service live genetic and seed preservation cannabis company.
Mota will have full access to Canada’s largest live genetic cannabis library with over 350 cultivars
Mota will have the right to propagate, cultivate, harvest and process a minimum of 10 selected cultivars
2 World Class Brands:
#1. FIRST CLASS CBD: ONE OF THE LARGEST US BASED ONLINE RETAILERS OF CBD PRODUCTS
HIGHLIGHTS:
Leader in online CBD sales in North America
Crop to package model: US grown CBD hemp
Acquired at a 1.5 times revenue valuation
Current customer base 142,000 customers -with additional leads of over 424,000 potential new customers
2019 Sales of $19.2M USD/ EBITDA of 2.7M USD
 #2. SATIVIDA: ONLINE DIRECT TO CONSUMER RETAILER OF A VAST RANGE OF ORGANICE CBD OILS AND COSMETICS
HIGHLIGHTS:
Current distributor of CBD products in Spain, Portugal, Austria, Germany, France and the United Kingdom
Number one search-ranked online retailer in Spain and Mexico
Award winning product line known for its minimal heavy metal content and accurate CBD levels
100% organic products
About Mota Ventures Corp.
Mota Ventures is seeking to
become a vertically integrated global CBD brand. Its plan is to
cultivate and extract CBD into high-quality value added products from
its Latin American operations and distribute it both domestically and
internationally. Mota has established distribution networks through the
acquisition of First Class CBD in the United States and Sativida in
Europe. Mota Ventures is also seeking to acquire revenue producing CBD
brands and operations in both Europe and North America, with the goal of
establishing an international distribution network for CBD products.
Low cost production, coupled with international, direct to customer,
sales channels will provide the foundation for the success of Mota
Ventures.